President Donald Trump gave his assessment of the American economy this morning on Twitter: "Stock Market hits an ALL-TIME high! Unemployment lowest in 16 years! Business and manufacturing enthusiasm at highest level in decades!" A couple things about that: Markets go down too, and unemployment was only at a 16-year low back in June. It's not clear what "business enthusiasm" metric he was using. But look: It's a long-established tradition for presidents to claim credit for the country's economic successes. Whether that credit's always deserved? That's less clear.
Also on this show: We'll bring you the latest on Republicans' tax plan and examine a play all about junk bonds. Plus: Our reporter hitched a ride yesterday on a planeload of union nurses, truck drivers and electricians headed from New York to Puerto Rico.
After a tragedy, like the one in Las Vegas Sunday, we're left with many questions. Here's just one: If you run a hotel, or a festival, or anyplace where a lot of people gather, what do you do now to keep them safe? Security at big events and heavy traffic areas is already tougher than it used to be, and hardening those soft targets doesn't come cheap. Then: One very basic way to think of what the White House and Republicans in Congress are trying to do with the tax code, is get rid of deductions to help pay lower tax rates. A big one is the corporate tax deduction, and businesses hold it dear. Plus, a conversation with Marriott CEO Arne Sorenson about the election, Airbnb and how his company became the largest hotel chain in the world.
Two weeks after Hurricane Maria tore though Puerto Rico, and residents are struggling to get basic supplies and power. President Donald Trump made his first trip to survey the damage today and do a little back patting for the federal response. He also joked the disaster was throwing the federal budget "out of whack." The truth is the cost of aid is far from the only thing in D.C. with big budget implications. Take the GOP tax plan: White House Budget Director Mick Mulvaney is saying it has to add to the deficit to be effective. We'll start the show sorting through that claim. Then: Solar panels are cheaper than ever, but they're still out of reach for the people they could help most. Take Brunswick, Georgia: The poverty rate's 41 percent, and electric bills can top $250 in the summer. Can it benefit from the solar boom? Plus, the latest on Facebook's ad sales to Russian operatives.
As the police and FBI in Las Vegas try to figure out the "whys" of last night — not that there can really ever be an answer to that question — we're going to stay in our lane today and just note that President Trump will make a trip to the city Wednesday. Before that he'll travel to Puerto Rico, bringing with him news of a $13 billion request to Congress for emergency assistance. FEMA director Brock Long pointedly defended the federal response amid mounting criticism, adding that Washington's trying to get the private sector more involved. Then, onto tax reform: There's a disconnect between Republicans, who are pushing tax cuts to spur growth, and the Federal Reserve, which says things are doing just fine. Plus, what you need to know about the unrest in Spain.
Lobbying is the word of the day as we look toward the rest of Congress' year. Tax policy might be the only issue that affects more Americans than health care, and if you thought the fight over Obamacare was intense, you ain't seen nothing yet. Then, we'll look at Facebook and Twitter, who are both in hot water with lawmakers over Russian interference in the 2016 election. Later, we'll examine the rebuilding effort in Puerto Rico and what debt's got to do with it. Plus, we'll talk about President Donald Trump's tax cut in the Weekly Wrap.
As tax week marches on, ranking Republicans in Congress and the White House are busy talking up their reform proposal. We'll do some fact-checking around who wins and who loses, then tackle all the potential changes to the corporate tax code. After that, we'll look at how one Los Angeles neighborhood group is fighting off gentrification by buying its own building. Plus: The second half our conversation with Microsoft CEO Satya Nadella.